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Are Imports a Reason of Growth?: Evidence From Turkey

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Date

2010

Journal Title

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Volume Title

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Abstract

In smaller and open economies, import and foreign trade play major roles in economic development and growth. Thus, the importance of import and export in economic growth is a field of research, which is highly current in economic literature. The purpose of this study is beyond determining, whether the export oriented growth hypothesis is valid for the period between 1998-2008 and it also aims to determine the role import has over export and growth theoretically and econometrically. Engle-Granger causality test was conducted on the data of these periods inspected. Based on the findings obtained; no causality relation is available between export and growth, while bidirectional causal relation was determined between import and export. Furthermore, unidirectional causal relation was determined from import to export. © Medwell Journals, 2010.

Description

Keywords

Causality, Economic Growth, Export, F41, F43, F49, Foreign Trade, Import, Jel Classification

Turkish CoHE Thesis Center URL

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N/A

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N/A

Source

Social Sciences

Volume

5

Issue

2

Start Page

66

End Page

69